Bitcoin is bullish 2/15/22
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
On a higher timeframe basis: The roll over on 11/10 put this into a bearish trend. I warned it should exceed $13,000 from the high of $69,355—we have seen $36,500 of this. The decent trade below $63,285 (+15 per/hour) has brought in $30,430 of the decent pressure warned about below. We held exhaustion on a bullish correction of the move down at $59,545 and rolled over $26,690. We have come off $18,150 from the $51,005 close. These are ON HOLD.
On a lower timeframe basis: The decent above $38,510 (-20 tics per/hour), projects this upward $7,300 minimum, $9,100 (+) maximum. We have attained $7,395 so far before rolling over. We may have completed the lower timeframe bearish correction against the move up from the lows. We basically held the $42,035-1,805 exhaustion with a $41,560 low and have rallied $2,790. I warned today has a good likelihood of seeing range expansion—we have already exceeded yesterday’s range. CLICK HERE FOR FULL BLOG.
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Natural Gas and Energy/Gold complex. 'Decent penetrations' are specific amounts provided to clients daily as well. If you are interested, please feel free to reach out.
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